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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (65117)	12/23/2000 3:16:19 PM
From: Mike M	Read Replies (1) \| Respond to of 99985

Do you think all those people are going to be buying new cars or houses? Will those banks be loaning money so easily? Not any time soon...and no, I hope not. Do I think the growth rate will slow? Yes. Do I think we could end up in a recession? Yes. Do I think we already are there? Maybe. Do I think that the NAZ already reflects that? Yes. Is it possible it could still go lower? Yes. Do I think it will? Undecided but leaning to NO. Do I think the Dow could? Yes...and perhaps more likely...But the Dow's channel bottom at 7900 leaves room for correction without breaking the long term bull trend. Mike, I don't know what will happen. I never said I did. But I think I am more open to different possibilities than you are. I have been a student of the market for over thirty years. No market circumstance is exactly like any other and what we do will have a bearing on how we fare. If you are predicting more dire market failure from here then I hope you are wrong, but that your investments are prudent and that you fare well. Let's leave it at that.